Since the late 17th century, when the National Debt – effectively today’s public sector net debt (PSND) – was virtually nil, it has fluctuated widely, with financing various wars being the key factor. PSND soared on the back of the Napoleonic Wars, before falling during much of the 19th century. But the onset of World War 1 (WWI) in 1914, and especially of World War 2 (WWII) in 1939, saw PSND reach record levels.
02 Jul 2021
Hardman & Co Monthly: THE MONTHLY July 2021
Arbuthnot Banking Group PLC (ARBB:LON), 1,075 | BBGI Global Infrastructure S.A. (BBGI:LON), 128 | Cizzle Biotechnology Holdings PLC (E7F0:FRA), 0 | ICG Enterprise Trust PLC GBP (ICGT:LON), 1,209 | Oakley Capital Investments Ltd Registered (OCI:LON), 472 | Palace Capital plc (PCA:LON), 238 | Real Estate Credit Investments Limited (RECI:LON), 116 | Shield Therapeutics Plc (STX:LON), 1.5 | Surface Transforms PLC (SCE:LON), 3.4 | Tissue Regenix Group plc (TRX:LON), 61.5 | Volta Finance Limited (VTAS:LON), 0 | Pantheon International Plc (PIN:LON), 324 | Arix Bioscience Plc (3HY:FRA), 0 | Sportech PLC (SPOZF:OTC), 0
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Hardman & Co Monthly: THE MONTHLY July 2021
Arbuthnot Banking Group PLC (ARBB:LON), 1,075 | BBGI Global Infrastructure S.A. (BBGI:LON), 128 | Cizzle Biotechnology Holdings PLC (E7F0:FRA), 0 | ICG Enterprise Trust PLC GBP (ICGT:LON), 1,209 | Oakley Capital Investments Ltd Registered (OCI:LON), 472 | Palace Capital plc (PCA:LON), 238 | Real Estate Credit Investments Limited (RECI:LON), 116 | Shield Therapeutics Plc (STX:LON), 1.5 | Surface Transforms PLC (SCE:LON), 3.4 | Tissue Regenix Group plc (TRX:LON), 61.5 | Volta Finance Limited (VTAS:LON), 0 | Pantheon International Plc (PIN:LON), 324 | Arix Bioscience Plc (3HY:FRA), 0 | Sportech PLC (SPOZF:OTC), 0
- Published:
02 Jul 2021 -
Author:
Hardman & Co Research Team -
Pages:
29
Since the late 17th century, when the National Debt – effectively today’s public sector net debt (PSND) – was virtually nil, it has fluctuated widely, with financing various wars being the key factor. PSND soared on the back of the Napoleonic Wars, before falling during much of the 19th century. But the onset of World War 1 (WWI) in 1914, and especially of World War 2 (WWII) in 1939, saw PSND reach record levels.